Now Reading: SEBI appeals fall, SAT backlog rises as settlement collections plunge
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SEBI appeals fall, SAT backlog rises as settlement collections plunge
SEBI’s settlement collections fell to Rs 109.8 crore in 2025-26 from Rs 798.9 crore a year earlier, while settlement applications dropped to 439 from 703, Mint reports. Appeals against SEBI orders before…
The Story in Brief
SEBI’s settlement collections fell to Rs 109.8 crore in 2025-26 from Rs 798.9 crore a year earlier, while settlement applications dropped to 439 from 703, Mint reports. Appeals against SEBI orders before the Securities Appellate Tribunal declined to 429 from 533. Yet pending SAT appeals rose to 1,066 by March-end, from 960. Appeals dismissed fell to 135 from 308, while orders upheld with modifications increased to 88 from 42.
SEBI initiated fewer insider trading investigations, at 221 against 287, but completed 202 compared with 192. Cases involving suspected price and volume manipulation rose to 72 from 61. Fresh adjudication proceedings fell to 135 from 204, and disposal orders declined to 319 from 962. Supreme Court cases pending rose to 539, while high court cases remained nearly unchanged at 884.
The Indian Opinion
The easy story is either that SEBI has become weaker or that fewer appeals prove its orders are holding up. Neither follows from these figures. Lower filings and settlements sit alongside a larger SAT backlog, while disposal rates vary sharply across enforcement work. The useful test is whether pending appeals fall next year without a drop in completed investigations. A tally below 1,066 would show that tribunal capacity, not just fresh filings, is improving.
Source: livemint.com
This story was synthesised by AI from the source linked above.
